Oxford Industries Q1 EPS falls 41% to $1.00 on tariff costs; $5M refund received post-quarter

Filed June 11, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 12, 2025 · ~2 min read

Key Changes

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  Supreme Court invalidated IEEPA tariffs in February 2026; company paid $45M in tariffs (FY25 and Q1 FY26) and recorded $42M in additional cost of goods sold. Filed $25M in refund claims under Phase I process and received $5M post-quarter, with remaining claims pending formal CBP process.

  Legal Proceedings: IEEPA tariff invalidation verify on EDGAR →
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  Q1 FY26 diluted EPS declined 41% to $1.00 from $1.70 in Q1 FY25, driven by $11M in tariff-related cost increases, lower sales, higher SG&A, reduced royalty income, increased interest expense, and a higher effective tax rate.

  MD&A: Q1 earnings verify on EDGAR →
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  Gross margin compressed 190 basis points to 62.3% in Q1 FY26 from 64.2% in Q1 FY25, primarily due to $11M in tariff costs and a $4M higher LIFO charge, partially offset by improved assortment, sourcing, pricing, lower freight, and favorable sales mix.

  MD&A: Gross margin verify on EDGAR →